Polar Capital (LON:POLR) Shares Cross Below 200-Day Moving Average of $0.00

Polar Capital Holdings plc (LON:POLR) shares crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $0.00 and traded as low as $510.00. Polar Capital shares last traded at $522.00, with a volume of 12,054 shares changing hands.

A number of research firms have recently issued reports on POLR. Numis Securities reduced their target price on Polar Capital from GBX 645 ($8.43) to GBX 640 ($8.36) and set an “add” rating for the company in a report on Wednesday, June 5th. Shore Capital restated a “buy” rating on shares of Polar Capital in a report on Thursday, July 11th. Finally, Peel Hunt restated a “buy” rating on shares of Polar Capital in a report on Thursday, July 11th.

The firm has a fifty day simple moving average of GBX 574.90. The stock has a market cap of $505.48 million and a price-to-earnings ratio of 9.78.

The company also recently disclosed a dividend, which was paid on Friday, July 26th. Investors of record on Thursday, July 4th were issued a dividend of GBX 25 ($0.33) per share. This represents a dividend yield of 4.17%. This is a positive change from Polar Capital’s previous dividend of $8.00. The ex-dividend date was Thursday, July 4th. Polar Capital’s dividend payout ratio (DPR) is currently 0.62%.

In other Polar Capital news, insider Gavin Rochussen sold 115,000 shares of the stock in a transaction on Thursday, July 18th. The shares were sold at an average price of GBX 576 ($7.53), for a total transaction of £662,400 ($865,542.92).

Polar Capital Company Profile (LON:POLR)

Polar Capital Holdings plc is a publicly owned investment manager. The firm provides its services to professional and institutional investors. It launches and manages equity and balanced mutual funds. The firm also launches and manages hedge funds for its clients. Polar Capital Holdings plc was founded in December 2000 and is based in London, United Kingdom with an additional office in Tokyo, Japan.

See Also: Fundamental Analysis

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